Actuarial Associate, Pricing & Product Development (Information Technology)
The Actuarial Associate, Pricing & Product Development, is a position on the pricing team within our Pension Risk Transfer area that plays a key role in the overall pricing execution and infrastructure development of Prudential's rapidly growing PRT Funded Business. Primary responsibilities include:
Analyze population and pension plan specific experience data to determine mortality and other demographic assumptions used in Funded and Unfunded Pension Risk Transfer transactions.
Analyze block of in-force relative to expectations, and to help underwrite smaller transactions without experience data.
Assist in mining and scrubbing complex pension plan datasets.
Price complex Pension Risk Transfer deals involving the creation of cashflows and the interaction of reserves, liabilities and assets.
Work with a broad group of actuarial and business partners in a fast-paced, customer and deal-focused environment.
Bachelor's degree required, preferably in Actuarial Science, Mathematics, Statistics, or other highly quantitative field (i.e. Engineering)
Actuarial Exams are a plus
Deep knowledge of Microsoft Excel
Knowledge of, or exposure to, VBA macros
Ability to understand complex quantitative concepts and models.
Highly motivated, innovative, and creative problem solver and conceptual thinker
Superior technical skills and ability to understand complex quantitative concepts and models.